Akorn Inc Q2 Earnings Rise 41%

(RTTNews) - Akorn Inc (AKRX) announced a profit for its second quarter that rose from last year.

The company said its bottom line totaled $72.99 million, or $0.58 per share. This was up from $51.87 million, or $0.41 per share, in last year's second quarter.

Analysts had expected the company to earn $0.55 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 27.1% to $280.73 million. This was up from $220.92 million last year.

Akorn Inc earnings at a glance:

-Earnings (Q2): $72.99 Mln. vs. $51.87 Mln. last year. -Earnings Growth (Y-o-Y): 40.7% -EPS (Q2): $0.58 vs. $0.41 last year. -EPS Growth (Y-o-Y): 41.5% -Analysts Estimate: $0.55 -Revenue (Q2): $280.73 Mln vs. $220.92 Mln last year. -Revenue Change (Y-o-Y): 27.1%

-Guidance: Full year EPS guidance: $2.10 - $2.20 Full year revenue guidance: $1,060 - $1,080 Mln